Zen Technologies’ Q2 FY26 profit dipped 5.2% YoY but rose sequentially, supported by cost controls and robust liquidity position.

• Revenue declined 20.6% YoY to Rs 198.9 crore, while EBITDA margin expanded sharply to 51.9% despite procedural order delays.
• Net profit reached Rs 59.4 crore; order book stood solid at Rs 675 crore with liquidity exceeding Rs 1,100 crore.
• Management expects stronger subsidiary contributions and demand recovery as deferred government orders resume post-procedural delays.